This property looks like a bad Long-Term investment with a projected -17.2% first-year return on $132k initial cash invested.
-17.2%
Cash On Cash
3.33%
Cap Rate
0.51
DSCR
$3,701
Rent
-$1,898
Cashflow
Cash Flow
$3,701 income − $5,599 expenses = $1,898 out of pocket
Investment Breakdown
|
Purchase Price
$630k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$132k
Downpayment
20%
$126k
Closing costs
1%
$6,304
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,701
Total Expenses
$5,599
Mortgage P&I
94%
$3,462
Property Taxes
26%
$965
Home Insurance
6%
$210
HOA
0%
$0
Property Management
10%
$370
CapEx
5%
$185
Vacancy
6%
$222
Maintenance
5%
$185
Other
0%
$0